Although she has received no formal education, Abenawa is an entrepreneur. She prepares and sells Banku, a traditional Ghanaian dish made using fermented corn/cassava dough that is mixed proportionally and cooked in hot water into a smooth, whitish, consistent paste. Abenawa can be found selling Banku in Abrishia (near Cape Coast). She has been involved in this enterprise for a number of years. Abenawa is married and has three children. Her husband works as a farmer. The proceeds from her Banku business normally go toward helping her husband cover the family’s general expenses and pay their children’s school fees. Abenawa will use the loan to purchase increased amounts of maize and cassava, which she hopes will improve her overall sales. With the new profits from her expanded business, Abenawa plans to diversify the type of products that she sells and adapt to changing customer preferences.
Important Information About CRAN
Please note that Kiva considers loans to this Field Partner, CRAN, to be particularly HIGH RISK. This organization has had very serious delinquency problems brought about by problems with its credit methodology, local environmental shocks including a depletion of local fisheries in its core area of operation (Cape Coast and the Central Province), and insufficient follow up with late clients. Lenders to this business should be aware that there is an increased risk of not getting repaid on this loan due to the challenges facing the Field Partner.
CRAN's creditors - including Kiva - have entered into a new Restructuring Agreement (For more information, please see CRAN's Field Partner profile: http://www.kiva.org/partners/91 ). Kiva will extend its ongoing policy of allowing CRAN to continue to raise funds on the Kiva website. New funds raised will be used to make repayments on older CRAN loans via Kiva’s standard net billing process.